0
What else can I help you with?
What is inventory management and its types and objectives?
Inventory management is a art of manging the stocks to meet the customers need ,several types of stock (1) raw materal (2) work in process(3) finished goods. stock should not very large quantity ,because it increases our cost of inventory and not insufficient because it can loss our customer. objective :- minimize the cost of invetory at stock and maximize the wealth of owner of the company or orgnization .
Role of information technology in production management company?
it minimize lead time
Is the behaviors of managers consistent with profit maximization?
In theory, managers act to maximize the profit of their organization, assuming it is a for-profit organization. In fact, however, they have more of a tendency to maximize their personal well-offness. This is true for a number of reasons: 1. Their personal financial incentives are based on things other than the profit of the organization as a whole so they tend to make decisions that maximize their bonus or raise. Such decisions may make themselves look good at the expense of other parts of the company, thus reducing total company profit. 2. Their personal job security my depend on the continued existence of a string of problems that they solve. Getting at the root cause of the problems would eliminate their job so they continue to do their job and keep quiet about a potential way to save the company money. 3. They may feel mistreated or underpaid. They may intentionally cause problems that will be blamed on others in order to "get back" at the company. 4. They may feel the company is mistreating customers and go out of their way to secretly assist customers - adversely to company interests. There are many other reasons why many, if not most, manager behaviors do not add to profit maximization.
Why is it important for a company to make its human resources into a competitive advantage and how can HR contribute to doing so?
It is important for a company to make its human resources into a competitive advantage because if your company has good human resources, you are able to to receive more and more customers. (more customers more revenue ) !!!! It will also make your company more likable.
Mission and vision statement of HCL company?
Vision:Together we create the enterprises of tomorrow"Mission :"To provide world-class information technology solutions and services to enable our customers to serve their customers better"
Should a company become a customer-focused business Why or why not?
Most businesses should be customer-centered because it will help them attract loyal customers. With loyal customers, they can maximize their profits for their shareholders.
What is the process of cannization?
"Canization" is a typo for "cannibalization." Cannibalization occurs when a new product reduces sales of an existing product within the same company. This can happen if the new product is too similar or if it competes with the existing product for the same customers. Companies must carefully manage product launches to minimize cannibalization and maximize overall sales.
What is produced by the IT company Nomis Systems Ltd?
Nomis Systems Ltd are a company based in Newcastle Upon Tyne in the UK. They offer IT systems support and also will work with customers to design systems to maximize their use.
What are Honda's company objectives?
To make good products for their customers with good quality cars that are affordable. They also work close with dealerships to maximize customer satisfaction even after their purchase.
How can a company effectively manage excess cash to maximize returns and minimize risk?
A company can effectively manage excess cash by investing it in low-risk options such as money market accounts, short-term bonds, or certificates of deposit to maximize returns while minimizing risk. Additionally, the company can consider share buybacks, debt repayment, or strategic acquisitions to utilize the excess cash efficiently.
What is the main purpose of existence of a company?
The purpose for existence of a company is only one to maximize the return of its highest shareholders. All the other stated goals and purpose are secondary and just to fool the public or customers to buy more products or services from company made by their marketing or PR department.
Customers are your customers who come to you or your company service?
External
The Coca-Cola company objectives?
to maximize profit.
What does retail company do to customers?
they sell the company
What does a monopolist competition do to maximize its profit?
If a company or organisation is a monopoly it has no competition. Therefore it can do anything it wishes to maximize its profit
What does a company strive to minimize?
Business risk
Which cable company has the most customers?
Comcast is the largest company so has the most customers. They are in most states.
